What is Actual Cash Value

      

 




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Actual Cash Value ("ACV") has been defined as the value of a vehicle expressed in terms of cash or an equivalent. The real cash value is what a ready, willing and able buyer will pay the seller for a vehicle in its exact condition at the exact time a seller desires to liquidate.

Although there are many references that may provide sellers suggested retail or trade in values, these references do not actually buy cars from sellers. In fact, they actually stop many transactions from being completed. Their primary purpose was to provide lenders guidelines for loan amounts only. Unfortunately, trade in values can many times be manipulated or rolled into the price of a new vehicle to make them seem more appealing.

MyTradeIn.com offers haggle-free cash prices on used vehicles based on variables of year, make, model, mileage, options, and the overall condition of the vehicle supplied by you, and confirmed by our buyers. We are ready, willing and able to offer an immediate cash price for your car (paid for or not). We reserve the right to make adjustments to the quoted value on an as need basis for mechanical problems, unusual reconditioning costs, excessive wear and tear, body damage, overall desirability of the particular vehicle in a specific geographic area, misrepresentation or omissions by the seller.

 

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